MFG Wealth Management Inc. Makes New $1.37 Million Investment in Quanta Services, Inc. $PWR

MFG Wealth Management Inc. bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, Holdings Channel.com reports. The fund bought 3,255 shares of the construction company’s stock, valued at approximately $1,374,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rothschild Investment LLC lifted its stake in shares of Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after purchasing an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Quanta Services by 0.5% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after purchasing an additional 23 shares during the last quarter. Wealth Alliance LLC raised its holdings in Quanta Services by 1.4% in the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after purchasing an additional 23 shares in the last quarter. Petros Family Wealth LLC lifted its position in shares of Quanta Services by 2.2% during the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after buying an additional 24 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its position in shares of Quanta Services by 15.2% during the third quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock valued at $75,000 after buying an additional 24 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Price Performance

NYSE:PWR opened at $555.73 on Friday. The firm’s fifty day moving average is $518.34 and its two-hundred day moving average is $458.97. The firm has a market cap of $83.15 billion, a price-to-earnings ratio of 81.72, a PEG ratio of 2.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $583.73.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same quarter last year, the business posted $2.94 EPS. The company’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is presently 6.47%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a research report on Friday, February 20th. Evercore restated an “outperform” rating and issued a $604.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Cantor Fitzgerald lifted their price target on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. B. Riley Financial increased their price objective on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Robert W. Baird raised their price objective on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.